Latest news with #M&HCV
Time of India
06-05-2025
- Automotive
- Time of India
Mahindra open to strategic alliances to drive M&HCV growth
Even as Mahindra & Mahindra ( M&M ) advances its acquisition of SML Isuzu to strengthen its presence in the intermediate and light commercial vehicle (I&LCV) space, the company is also actively exploring opportunities to scale up in the medium and heavy commercial vehicle (M&HCV) segment. This strategic push comes as global players increasingly view India as a key hub of opportunities, driven by shifting geopolitical dynamics. Responding to an ETAuto question about a possible strategic tie-up to boost its M&HCV business, Rajesh Jejurikar, Executive Director and CEO (Auto & Farm Sector), said the segment is now considered a "scalable growth gem" for the company. 'We will look at every opportunity to grow. If there is a possibility to collaborate and build momentum in this segment, we are completely open to it,' Jejurikar said, during a media conference call. 'It is now firmly in the category of a growth gem, and we intend to invest in scaling the business.' However, he acknowledged that gaining market share in the M&HCV space remains a challenge. 'We are very mindful that market share gains in this segment don't come easy.' Currently, the auto major holds a 3 per cent share in the M&HCV segment, a market dominated by players like Tata Motors and Ashok Leyland. The company aims to grow its share to 5 per cent by 2030. For Mahindra, a collaboration would offer access to critical technological capabilities from a global partner, creating a mutually beneficial, win-win scenario. Betting big on LMM business The Mumbai-headquartered automaker is also betting big on another of its 'growth gems'-- its Last Mile Mobility (LMM) business– where it is targeting a 2X to 3X growth trajectory. Jejuriker said the growth strategy includes a strong push for electric vehicles (EVs), expanding beyond three-wheelers to potentially include four-wheelers within the last mile mobility category. 'We believe exports will present a significant growth opportunity, and it will be a key area of focus going forward,' he added.
NDTV
03-05-2025
- Automotive
- NDTV
Ashok Leyland Sales Decline In April 2025; Check Details
Ashok Leyland, one of the major commercial vehicle manufacturers in the Indian market, has reported a decline of 33 per cent in total sales volume in April 2025 compared to the previous month. Specifically, the manufacturer sold 13,421 units in April while the numbers stood at 20,041 in March 2025. The Medium and Heavy Commercial Vehicle (M&HCV) segment saw a drop in sales, plummeting 38 percent month-on-month to 7,960 units, a decrease from 12,882 units in March. Sales of M&HCV trucks fell by 35 percent, while bus sales experienced a significant decline of 47 percent. Also Read: Hyundai Creta Tops Chart For April'25 Sales With 17,016 SUVs Sold This is in stark contrast to March 2025, when Ashok Leyland marked a 25 percent year-on-year increase in M&HCV bus sales, driven by a rise in institutional purchases and growing demand for public transport. In comparison to the heavy vehicle sector, the Light Commercial Vehicle (LCV) segment remained fairly steady, with sales reducing by 21 percent to 5,103 units in April, down from 6,428 units in March. Overall domestic sales decreased by 35 percent month-on-month to 12,509 units, with M&HCV sales falling by 42 percent, truck sales reduced by 37 percent, and bus sales declined by 53 percent. The export market also saw changes, with total shipments dropping by 23 percent month-on-month to 731 units. This decline was primarily driven by a 69% decrease in M&HCV exports, although LCV exports increased by 18 percent.
Business Upturn
02-05-2025
- Automotive
- Business Upturn
Ashok Leyland stock in focus as total sales drop 6% in April; M&HCV volumes fall
Shares of Ashok Leyland will be in focus on Thursday, May 2, after the commercial vehicle major reported a 6% year-on-year decline in total sales for April 2025. The stock had closed at ₹225.31 in the previous trading session on April 30. The company reported total vehicle sales (including exports) of 13,421 units in April 2025, compared to 14,271 units in the same month last year. The decline was largely driven by a 13% drop in medium and heavy commercial vehicles (M&HCV), with bus volumes falling 22% YoY. In the domestic market, total sales fell 7% YoY to 12,509 units. Notably: M&HCV Trucks declined 10% to 5,915 units M&HCV Buses plunged 28% to 1,491 units LCV sales rose 6% YoY to 5,103 units While the light commercial vehicle segment showed resilience, the overall sentiment may remain cautious due to continued pressure in Ashok Leyland's core M&HCV segment. The stock's reaction will also be viewed in context with broader trends in the auto space, where peers like M&M, Maruti, and TVS Motor reported better-than-expected sales for April. News desk at
